Long cycle times, compliance risks, lost savings — ineffective contract management can not only expose enterprises to various compliance-related risks but also leave a lot of money on the table.
PayStream, in its latest research publication — 2015 Contract Management Report — reveals the top challenges enterprises face in managing contracts and executing source-to-pay operations.
The report also explains how enterprises can automate contract management to streamline source-to-pay processes and unlock significant value from their spend.
Also inside the report:
Recommended reading for all sourcing and procurement pros, complimentary from GEP.
Streamline and Automate Contract Management with GEP SMART
GEP SMART is a cloud-based sourcing and procurement platform with comprehensive contract management functionality, including collaborative authoring, compliance tracking and reporting, automated alerts, and contracts library. To learn more about contract management with GEP SMART, click here.